The Outlook for Forecourt Retailing in Europe - Business Insights
The Outlook for Forecourt Retailing in Europe - Business Insights
The Outlook for Forecourt Retailing in Europe - Business Insights
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BUSINESS INSIGHTS<br />
<strong>The</strong> <strong>Outlook</strong> <strong>for</strong> <strong>Forecourt</strong> <strong>Retail<strong>in</strong>g</strong> <strong>in</strong> <strong>Europe</strong><br />
Develop<strong>in</strong>g new strategies to extract profit from the <strong>for</strong>ecourt<br />
Strategic Management Report
BUSINESS INSIGHTS<br />
<strong>The</strong> <strong>Outlook</strong> <strong>for</strong> <strong>Forecourt</strong> <strong>Retail<strong>in</strong>g</strong> <strong>in</strong> <strong>Europe</strong><br />
Develop<strong>in</strong>g new strategies to extract profit from the <strong>for</strong>ecourt<br />
“Market saturation has meant<br />
that growth strategies rely upon<br />
either penetrat<strong>in</strong>g sectors of the<br />
market with low fuel card<br />
take-up rates or by acquir<strong>in</strong>g<br />
clients from other fuel card<br />
operators. Service<br />
differentiation may help <strong>in</strong> this<br />
latter strategy...”<br />
Source: <strong>The</strong> <strong>Outlook</strong> <strong>for</strong><br />
<strong>Forecourt</strong> <strong>Retail<strong>in</strong>g</strong> <strong>in</strong> <strong>Europe</strong>:<br />
Develop<strong>in</strong>g new strategies to<br />
extract profit from the<br />
<strong>for</strong>ecourt<br />
<strong>The</strong> development of the <strong>for</strong>ecourt shop channel <strong>in</strong> the UK, France and<br />
Germany and, to an <strong>in</strong>creas<strong>in</strong>g extent, other western <strong>Europe</strong>an<br />
countries, has largely been driven by the penetration of the traditional<br />
fuel retail<strong>in</strong>g market by the hypermarkets.<br />
Traditional service stations have been quick to adopt relationships with<br />
retailers and to <strong>in</strong>vest <strong>in</strong> provid<strong>in</strong>g a more holistic approach to serv<strong>in</strong>g<br />
the consumer. But as the market starts to contract, where are the major<br />
opportunities <strong>for</strong> the next 5 years?<br />
<strong>The</strong> new report <strong>The</strong> <strong>Outlook</strong> <strong>for</strong> <strong>Forecourt</strong> <strong>Retail<strong>in</strong>g</strong> <strong>in</strong> <strong>Europe</strong>:<br />
Develop<strong>in</strong>g new strategies to extract profit from the <strong>for</strong>ecourt<br />
provides the latest research, analysis and <strong>for</strong>ecasts that will enable you<br />
to develop killer <strong>for</strong>ecourt strategies.<br />
<strong>The</strong> report not only looks at the simple enhancements to your current<br />
services, it goes further by exam<strong>in</strong><strong>in</strong>g the technologies <strong>for</strong> enabl<strong>in</strong>g<br />
greater security <strong>in</strong> outdoor payments <strong>for</strong> example and provid<strong>in</strong>g step<br />
by step strategies <strong>for</strong> develop<strong>in</strong>g profitable relationships with your<br />
customers through advanced CRM techniques.<br />
A Practical Guide<br />
<strong>The</strong> <strong>Outlook</strong> <strong>for</strong> <strong>Forecourt</strong> <strong>Retail<strong>in</strong>g</strong> <strong>in</strong> <strong>Europe</strong>: Develop<strong>in</strong>g new<br />
strategies to extract profit from the <strong>for</strong>ecourt provides you with:<br />
• A analysis of the emergence, growth and future <strong>for</strong> the<br />
<strong>for</strong>ecourt shop look<strong>in</strong>g at the drivers <strong>for</strong> convenience retail<strong>in</strong>g and<br />
exam<strong>in</strong><strong>in</strong>g seven of <strong>Europe</strong>’s lead<strong>in</strong>g <strong>for</strong>ecourt markets<br />
• An exam<strong>in</strong>ation of new payment mechanisms - the report<br />
assesses the key drivers <strong>for</strong> outdoor payment systems, future<br />
developments <strong>for</strong> plastic cards and evaluates the key emerg<strong>in</strong>g<br />
technologies such as mobile payment<br />
• Methods of reduc<strong>in</strong>g the <strong>in</strong>herent security problems associated<br />
with outdoor payments through a detailed assessment of security<br />
measures such as authorisation systems<br />
• A step-by-step guide to develop<strong>in</strong>g a more holistic approach<br />
to CRM, the report exam<strong>in</strong>es how to manage customer<br />
relationships and how to <strong>in</strong>fluence customer behaviour<br />
Imag<strong>in</strong>e what you could know tomorrow...
<strong>The</strong> Value Proposition<br />
“To date, most oil company<br />
loyalty card schemes have not<br />
maximised their potential. This<br />
will need to be addressed,<br />
especially as the contribution of<br />
non-fuel bus<strong>in</strong>ess <strong>in</strong>creases...”<br />
Source: <strong>The</strong> <strong>Outlook</strong> <strong>for</strong><br />
<strong>Forecourt</strong> <strong>Retail<strong>in</strong>g</strong> <strong>in</strong> <strong>Europe</strong>:<br />
Develop<strong>in</strong>g new strategies to<br />
extract profit from the<br />
<strong>for</strong>ecourt<br />
Based upon unique market research and analysis this report will<br />
enable you to:<br />
• Dramatically <strong>in</strong>crease ROI by <strong>in</strong>troduc<strong>in</strong>g effective CRM<br />
systems which will enable you to profitably <strong>in</strong>fluence customer<br />
behaviour<br />
• Increase revenue streams by offer<strong>in</strong>g <strong>for</strong>ecourt as an<br />
‘eFulfillment’ centre <strong>for</strong> onl<strong>in</strong>e retailers, take advantage of your<br />
prime location, extended open<strong>in</strong>g hours and park<strong>in</strong>g facilities<br />
• Reduce costs caused by credit and fuel card theft whilst<br />
develop<strong>in</strong>g advanced outdoor payment systems<br />
<strong>The</strong> Answers to Your Questions<br />
• Identify and effectively target new customer segments such as<br />
the ‘top-up’ shopper or attack the traditional supermarket<br />
customer: the weekly shopper<br />
• Achieve differentiation through shift<strong>in</strong>g your focus from solely<br />
fuel retail to the provision of complementary services and an ever<br />
more diverse range of non-fuel offer<strong>in</strong>gs<br />
Motives <strong>for</strong> <strong>in</strong>vest<strong>in</strong>g <strong>in</strong> outdoor payment<br />
facilities <strong>in</strong> Western <strong>Europe</strong>an countries<br />
• How can CRM techniques enable you<br />
to <strong>in</strong>fluence customer segments?<br />
Average importance rat<strong>in</strong>g<br />
5<br />
4<br />
3<br />
2<br />
1<br />
0<br />
Average rat<strong>in</strong>g<br />
Highest rat<strong>in</strong>g<br />
Hours T'put Queues Speed Costs Price<br />
9<br />
8<br />
7<br />
6<br />
5<br />
4<br />
3<br />
2<br />
1<br />
0<br />
Frequency of highest rat<strong>in</strong>g<br />
• Where are the future revenue<br />
opportunities <strong>in</strong> <strong>for</strong>ecourt retail<strong>in</strong>g?<br />
• How can you achieve differentiation<br />
<strong>in</strong> the saturated and highly<br />
competitive fuel retail market?<br />
• What strategies can you to adopt to<br />
target new customer segments?<br />
N.B. Rat<strong>in</strong>g on a scale of 1-5, where 5 <strong>in</strong>dicates high importance<br />
Source: <strong>The</strong> <strong>Outlook</strong> <strong>for</strong> <strong>Forecourt</strong> <strong>Retail<strong>in</strong>g</strong> <strong>in</strong> <strong>Europe</strong>: Develop<strong>in</strong>g new strategies to<br />
extract profit from the <strong>for</strong>ecourt<br />
• What are the current trends <strong>in</strong> the<br />
<strong>Europe</strong>an <strong>for</strong>ecourt market?<br />
www.Globalbus<strong>in</strong>ess<strong>in</strong>sights.com
BUSINESS INSIGHTS<br />
Table of Contents - abridged<br />
EXECUTIVE SUMMARY<br />
CHAPTER 1: CHANGES IN THE FUEL<br />
RETAILING MARKET<br />
• <strong>The</strong> market <strong>in</strong> context<br />
• Market volume<br />
• Fuel sales by type<br />
• Total network size<br />
• Fuel sales per site<br />
• Developments <strong>in</strong> the sector<br />
- Mergers and acquisitions<br />
- Retail alliances<br />
- Non-fuel focus<br />
- Dest<strong>in</strong>ation service stations<br />
- Full convenience store<br />
- On-the-go shop<br />
- Unmanned sites<br />
• Look<strong>in</strong>g <strong>for</strong>ward<br />
- Mergers and acquisitions<br />
- Volume growth<br />
- Network growth<br />
- Fuel sales per site<br />
CHAPTER 2: FROM FUEL OUTLET TO<br />
RETAIL OUTLET?<br />
• Network growth, 1999-2005<br />
• <strong>The</strong> economics of the non-fuel offer<strong>in</strong>g<br />
• <strong>The</strong> value of the <strong>for</strong>ecourt shop market<br />
• Develop<strong>in</strong>g the product mix, 1999-2005<br />
• <strong>The</strong> development of the <strong>for</strong>ecourt shop<br />
channel<br />
- Types of partnerships<br />
• Distribution outlets - the 'local loop' of<br />
onl<strong>in</strong>e shopp<strong>in</strong>g<br />
- Market value<br />
- Market structure<br />
- Customer dynamics<br />
- Potential market value<br />
- Three tiers with<strong>in</strong> <strong>Europe</strong><br />
CHAPTER 3: NEW PAYMENT<br />
MECHANISMS<br />
• Drivers <strong>for</strong> the rise <strong>in</strong> new payment<br />
mechanisms<br />
- Penetration of plastic cards<br />
- Types of payment on the <strong>for</strong>ecourt<br />
- Drivers <strong>for</strong> outdoor payment <strong>in</strong>vestment<br />
<strong>in</strong> <strong>Europe</strong><br />
• Choices <strong>for</strong> fuel retailers<br />
- Low retail marg<strong>in</strong>s <strong>for</strong>ce retailers to cut<br />
costs<br />
- Conventional outdoor payment<br />
• Emerg<strong>in</strong>g technologies <strong>for</strong> payment<br />
- Mobile payment<br />
- Transponders<br />
• <strong>Europe</strong>an penetration of advanced<br />
payment methods<br />
CHAPTER 4: MANAGING CUSTOMER<br />
RELATIONSHIPS<br />
• B2B relationships - the fuel card<br />
- 'On the road' services<br />
- Security<br />
- Onl<strong>in</strong>e services<br />
- Historical data and trend analysis<br />
• Strategies <strong>for</strong> success<br />
- Action po<strong>in</strong>t 1 - 'Total solution' providers<br />
must develop a comprehensive set of 'on<br />
the road' services<br />
- Action po<strong>in</strong>t 2 - Security systems must<br />
be tightened and designed to enable a<br />
full range of report<strong>in</strong>g services<br />
- Action po<strong>in</strong>t 3 - Onl<strong>in</strong>e capability is<br />
essential to deliver<strong>in</strong>g flexibility and the<br />
maximum opportunity <strong>for</strong> analysis-driven<br />
cost sav<strong>in</strong>gs<br />
- Action po<strong>in</strong>t 4 - Smart card and telematic<br />
technologies must be exploited to<br />
further improve flexibility and the<br />
potential <strong>for</strong> analysis-driven cost sav<strong>in</strong>gs<br />
• B2C - Manag<strong>in</strong>g the relationship with the<br />
motorist<br />
- Discover<strong>in</strong>g the 'right' customers<br />
• Loyalty schemes as vehicles <strong>for</strong> CRM<br />
• Us<strong>in</strong>g loyalty schemes to target<br />
differentiated value<br />
• <strong>Forecourt</strong> optimization<br />
• Best customer needs and <strong>for</strong>ecourt<br />
strategies<br />
- Stage 1: <strong>Forecourt</strong> elements<br />
- Stage 2: Shop categories<br />
- Stage 3: Priority Sections<br />
• Future developments<br />
Imag<strong>in</strong>e what you could know tomorrow...
Sample In<strong>for</strong>mation from the Report<br />
CHAPTER 3:<br />
New payment mechanisms<br />
Automated systems to feature pr<strong>in</strong>cipally <strong>in</strong> Germany and UK<br />
16<br />
Average parcels per site per day<br />
14<br />
12<br />
10<br />
8<br />
6<br />
4<br />
2<br />
0<br />
Automated at many sites<br />
Automated at busiest sites<br />
Attended only<br />
2000 2001 2002 2003 2004 2005<br />
Germany<br />
UK<br />
France<br />
Sc and<strong>in</strong>avia<br />
Benelux<br />
It aly<br />
Austria<br />
Spa<strong>in</strong><br />
RoI<br />
Portugal<br />
Source: <strong>The</strong> <strong>Outlook</strong> <strong>for</strong> <strong>Forecourt</strong> <strong>Retail<strong>in</strong>g</strong> <strong>in</strong> <strong>Europe</strong>: Develop<strong>in</strong>g new strategies to extract profit from<br />
the <strong>for</strong>ecourt<br />
Introduction<br />
For many visitors to the service station, they may witness a 'revolution' <strong>in</strong> the service<br />
offer<strong>in</strong>g over the near-to-medium term. M<strong>in</strong>i-supermarkets, that replicate much of<br />
what they can by at the full-sized supermarket <strong>in</strong> the shopp<strong>in</strong>g centre, will become<br />
more prevalent. Indeed, not only will the service station look new, many sites will<br />
offer a revolution <strong>in</strong> how customers actually pay. This will be seen through the<br />
<strong>in</strong>stallation of advanced payment facilities.<br />
Advanced payment mechanisms are facilities that allow customers to pay with cash,<br />
cards, or other funds transfer conduits. Service station operators are <strong>in</strong>creas<strong>in</strong>gly<br />
acknowledg<strong>in</strong>g the potential of payment automation at their sites. This growth is<br />
be<strong>in</strong>g driven, on the one hand, by <strong>in</strong>creas<strong>in</strong>g customer demand <strong>for</strong> choice, addedvalue<br />
services, speed and convenience, and on the other hand, by their own need to<br />
<strong>in</strong>crease operational efficiency, <strong>in</strong> order to combat the problem of decl<strong>in</strong><strong>in</strong>g retail<br />
marg<strong>in</strong>s.<br />
By 2005, 48bn litres of fuel is <strong>for</strong>ecast to be paid <strong>for</strong> at outdoor term<strong>in</strong>als, which are<br />
projected to be present at almost one-third of the regional network. <strong>The</strong> value of the<br />
market <strong>for</strong> outdoor payment is <strong>for</strong>ecast to reach €42bn by 2005.<br />
www.Globalbus<strong>in</strong>ess<strong>in</strong>sight.com
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